Bankruptcy Forms: Filing Bankruptcy Chapter 7 Bankruptcy Software Chapter 13

The Center For Debt Management
Center4DebtManagement.com ... Always open 24 / 7

Note: For affordable legal assistance The Center For Debt Management highly recommends Standard Legal's Do-It-Yourself Bankruptcy Forms Software Kits. For credit repair services,
the most trusted law firm in America with over 15 years of experience is Lexington Law Firm.

For more bankruptcy help and bankruptcy alternatives, go to Bankruptcy Resources



TITLE 11–BANKRUPTCY

CHAPTER 11– REORGANIZATION

Sub Chapter IV – Railroad Reorganization

Sec. 1165. Protection of the public interest

  In applying sections 1166, 1167, 1169, 1170, 1171, 1172, 1173, and 
1174 of this title, the court and the trustee shall consider the public 
interest in addition to the interests of the debtor, creditors, and 
equity security holders.

(Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2641.)


                      Historical and Revision Notes

                         legislative statements

    Section 1165 of the House amendment represents a modification of 
sections 1165 and 1167 of the Senate amendment requiring the court and 
the trustee to consider the broad, general public interest in addition 
to the interests of the debtor, creditors, and equity security holders 
in applying specific sections of the subchapter.


                        senate report no. 95-989

    Section 1165 requires the court, in consideration of the relief to 
be granted upon the filing of an involuntary petition, to take into 
account the ``public interest'' in the preservation of the debtor's rail 
service. This is an important factor in railroad reorganization, which 
distinguishes them from other business reorganizations. Hence, this 
section modifies the provisions in sections 303 and 305 that govern 
generally when the business of a debtor may continue to operate, when 
relief under the Act sought should be granted, and when the petition 
should be dismissed.
    Section 1167 [enacted as section 1165] imposes on the trustee the 
obligations, in addition to his other duties and responsibilities, to 
take into account the ``public interest'' in the preservation of the 
debtor's rail service.


Back Index Next

Note: For affordable legal assistance The Center For Debt Management highly recommends Standard Legal's Do-It-Yourself Bankruptcy Forms Software Kits. For credit repair services,
the most trusted law firm in America with over 15 years of experience is Lexington Law Firm.

For more bankruptcy help and bankruptcy alternatives, go to Bankruptcy Resources

Go to Index of Related Articles and Resources!

Click Below To Check Out More Financial Resources

Return to Top

The Center For Debt Management™

Helping Consumers Save Money and Reduce Debt Is Our Only Business!™

We invite you to explore the sectors listed below. We promise that you'll find exceptional values, offers and resources in which to reduce your living expenses and to enjoy life!


Debt Management and Financial Services! The Internet's oldest and most comprehensive debt management agency! Resources for debt management, consumer credit counseling, debt consolidation, debt reduction settlements, legal aid, financial aid, loans and financing, credit repair, credit reports, insurance quotes, income sources, tax assistance, and more.

Established in 1989 and serving the online community since 1992!


This site was created and designed by Daniel A. Gelinas
Disclaimer and Privacy Policy      © Copyright  2007 "The Center For Debt Management"      Contact Us
Return to Top

Legal Resource Center: United States Code TITLE 11 Filing Bankruptcy Forms Software